Alpha Co owns 80% of Gemma Co. Alpha Co sold goods costing 5 million to Gemma Co for 7 million. Gemma Co sold all the goods and had nothing left in the inventory but Gemma Co still owes Alpha Co 9 million dollars.
Alpha Co Revenue 20million, receivable 13 million and payable 5 million
Gemma Co revenue 14 million, Receivable 10 and payable 8 million
Q. What the consolidated revenue, Receivable and payable for these companies?